Sometimes what makes an investment to crash is not having proper investment planning and not knowing the profit and loss at the long run. This is often the problem for many investors in and outside crypto. Taking about crypto which now has different ways to invest,it easy to lost calculations of profit and loss because so many people don’t know how to handle digital money.
Crypto offers high yield be it monthly and yearly but you have to consider the volatility of crypto sometimes which can be sometimes tricky,it can swallow all our profit and sometimes this might be of a good advantage too. For this reason most crypto investors can’t even account for how much they realize and how much they are losing.
Investing in a project asset in crypto that doesn’t have much usage is easy, always easy to know how much you put and how much you are cashing out, coin like doge, shib etc. you just buy these coins and hold til whenever but imagine buying BNB,Hive etc. this project have many usage and if are truly taking all the advantage related to this projects you will definitely forget how much your have invested and hard to balance the your rewards.
We have some many investors that doesn’t care about the inflow of money, how much they have spend or how much the are going to invest. They only care about their daily dividends,monthly and yearly return. We have a lot of this investors on hive, and I have the same feeling about Leo/hive. To keep buying till my bags looks retiring for. The question is are we investing rightly or is this risky.
We have so many people on hive that are earring on daily basis because they are a good writer and they are investing it back into the project but because the half of the payout per post go into the power they don’t know how much they are earning, and how much they are investing.
It doesn’t matter
We all know how it difficult to get money and how it is important to have a proper account, investing without proper planning on how to manage it will only lead to liquidation. There’s nothing bad in knowing your income statement and take opportunities to build more when you see them.
Most crypto lovers have this Mentality of just keep buying till I can’t buy no more as long as it will make me rich at the long run. Proper statement is needed all the time because without this we won’t be able to monitor our development, maybe the project is good or not. We must see digital money as hard currency also for us to be successful in it. No matter how volatile it is we must keep records of everything. You can earn passively in crypto and also lose Massively in crypto.
Thanks for your time.